Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Commercial Land Near Route 2 Title is generated by Realmo AI

    1980 Main Street Unit 2, Follansbee, WV 26037

    View on Map
    Claim this Listing
    For Sale
    $400,000

    Almost 1 acre of commercial land with high traffic count.

    Type:Land / Commercial
    Lot size:
    0.99 Acres
    Added:
    Nov 19, 2024
    Days on Market:
    554
    Last Refresh:
    May 19 at 9:31 pm

    Property Features for 1980 Main Street Unit 2

    General Information

    Standard status
    Active
    Lot size
    0.99 Acres
    Property subtype
    Land / Commercial

    We can help!

    Listing Contact
    Evan Cuomo

    Listing agent Evan Cuomo License #2022001577

    Listing office Cedar One Realty

    Listing date Nov 19, 2024

    Source Compass

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Cedar One Realty

    HighLights

    • High traffic count location, ideal for your business.
    • Almost 1 acre of land.
    • Located at the corner of Route 2 and Archer Hill Rd.
    • Traffic light to be installed by the State.
    • Suitable for investors.
    • Owners open to ground lease or build‑to‑suit options.

    Overview

    This property consists of almost 1 acre of commercial land. It is located off the corner of Route 2 and Archer Hill Road, where a traffic light is planned to be installed by the State. The property benefits from a high traffic count, presenting opportunities for various uses. The owners are open to a ground lease or a build-to-suit arrangement.
    Location Intelligence

    Current Use by Public Records

    Northend Café Cafe & Coffee Shop North American Services Professional Services Wholesale Fireworks Discount Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Nail Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Follansbee
    County
    Brooke
    State
    West Virginia
    Longitude
    -80.6060239
    Latitude
    40.3471339

    Nearby Similar for Sale

    • $149,000

      Multi-Use Building in Follansbee, WV

      Concrete block building with loading dock, garage, and storage.
      652 Main Street, Follansbee, WV 26037
      View Details
    • $1,250,000

      Prime Development Land on Route 2

      10 acres of commercial land with high visibility and traffic.
      1620 Main Street, Follansbee, WV 26037
      View Details
    • $110,000

      Office Space in Follansbee, WV

      Office property for sale in Follansbee, West Virginia.
      1028 Main Street, Follansbee, WV 26037
      View Details
    • $110,000
      1,140 SF

      Main Street Commercial Building For Sale

      Commercial building with high traffic exposure, suitable for various businesses.
      1028 Main St, Follansbee, WV, 26037-1345
      View Details
    • $400,000

      Commercial Land in Follansbee, WV

      Almost 1 acre of commercial land with high traffic count.
      1980 Main Street, Follansbee, WV 26037
      View Details
    • $99,900

      Follansbee Mixed-Use Property For Sale

      Mixed-use property with storefront and apartment in prime location.
      830 Main Street, Follansbee, WV 26037
      View Details
    • $159,900

      Follansbee Commercial Opportunity For Sale

      Commercial opportunity with multiple income-producing properties in the heart of Follansbee.
      800 Main Street, Follansbee, WV 26037
      View Details
    • $1,250,000

      Route 2 Development Opportunity

      Over 11 acres of premium land on Route 2.
      1620 Main Street, Follansbee, WV 26037
      View Details
    • $74,900

      Follansbee Commercial Property for Sale

      Commercial property available on Main Street in Follansbee, West Virginia.
      830 Main St, Follansbee, WV 26037
      View Details

    FAQs

    What type of property is this?
    Commercial land - Almost 1 acre of commercial land with high traffic count.
    Where is this commercial land located?
    The property is located at 1980 Main Street Unit 2 Follansbee, WV.
    What is the asking price?
    The asking price for this property is $400,000.
    What are key features of this property?
    This property features: High traffic count location, ideal for your business.; Almost 1 acre of land.; Located at the corner of Route 2 and Archer Hill Rd.
    (304) 374-7912
    We can help!
    Listing Contact
    Evan Cuomo
    Real Estate License ID: 2022001577
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1980 Main Street, Unit 2, Follansbee, WV 26037
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!